California politics is currently being shaken up thanks to a drive, led by the Service Employees International Union, to enact a one-time wealth tax on the state’s billionaires to offset federal cuts ... Billionaires have been able to not only acquire wealth but most have gradually built it over time. This means that many have had successful investments, which makes it natural for everyone else to ...

Understanding the Context

Sen. Bernie Sanders and Rep. Ro Khanna plan to introduce a bill to impose a federal wealth tax on billionaires, according to the senator's office. While progressives like Sanders have long called for ...

Key Insights

Forbes: 3 Key Reasons The Proposed 5% Billionaire Wealth Tax Faces Steep Odds 3 Key Reasons The Proposed 5% Billionaire Wealth Tax Faces Steep Odds Direct Marketing News: Taxing billionaires sounds obvious until you ask who decides what wealth means Taxing billionaires sounds obvious until you ask who decides what wealth means